| From Thebanker.com: With its seven-year maturity making it the longest for any sukuk drawn up by a Saudi corporate, the $1.9bn capital raising put together for the Saudi Electric Company marks a huge achievement for the HSBC Saudi Arabia team that assembled it.
As Saudi Arabia's relatively new debt capital markets start to build up a head of steam, one international bank is leading the way. It is, of course, HSBC, which has been so active in other Gulf states. In Saudi Arabia it has been enjoying growing success with the sharia-compliant vehicle, the sukuk..............................................Full Article: Source
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